Leisure company issues profits warning
CARAVAN to motor home group Discover Leisure has issued a profits warning as a result of high interest rate charges and low sales.
The East Yorkshire based caravan retailer had warned in May the outlook for the second half was more challenging and said consumer confidence fell further in the summer period, which led to reduced demand across the UK leisure vehicle market.
In a trading update the company said debt had almost doubled to £22m from 11.2m last year.
Chairman David Morrow blamed the increase in debt o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...